Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

LAW OF UKRAINE

of May 19, 2015 No. 436-VIII

About features of implementation of transactions with the state, guaranteed by the state debt and local debt

(as amended of the Law of Ukraine of 12.04.2016 No. 1081-VIII)

This Law is aimed at providing economic safety of the state, protection of public concerns and interests of the state in connection with repayment and servicing of the state, guaranteed by the state debt and local debt.

Article 1. Temporary stop of payments on the state external borrowings and the debt guaranteed by the state

Due to the transactions with public debt on the state external borrowings and the debt guaranteed by the state on external credits (loans) according to the list according to appendix to this Law by exchange (change of conditions of the operating loans), release and sale of the corresponding debt obligations the Cabinet of Ministers of Ukraine has power of decision about temporary suspension of implementation of payments on all or some corresponding debt obligations. The temporary stop of implementation of payments is entered on each debt obligation for a period of up to making of such transaction (transactions) and change of conditions of the corresponding borrowing on all creditors.

Article 2. Temporary stop of payments on local external borrowings

Due to the transactions with local debt on local external borrowings according to the list according to appendix to this Law by exchange (change of conditions of the operating loans), release and sale of the corresponding debt obligations the city council has power of decision about temporary suspension of implementation of payments on all or some corresponding debt obligations. The temporary stop of implementation of payments is entered on each debt obligation for a period of up to making of such transaction (transactions) and change of conditions of the corresponding borrowing on all creditors.

Article 3. Moratorium on satisfaction of requirements of creditors

In case of acceptance by the Cabinet of Ministers of Ukraine or city council of the decision according to articles 1 and 2 of this Law from the date of entry into force of such decision concerning the state of Ukraine, territorial community of the city and other subjects according to such decision (further - subjects of external borrowings) and it is exclusive according to those obligations on which such decision is made by the Cabinet of Ministers of Ukraine or city council:

temporarily forced realization of any property of subjects of external borrowings, that is its alienation by the address of claim to property of subjects of external borrowings according to enforceable judgments according to the Law of Ukraine "About enforcement proceeding" stops;

it is temporarily suspended the Law of Ukraine "About guarantees of the state on execution of judgments";

the central executive body realizing state policy in the sphere of treasurer servicing of budgetary funds temporarily stops write-offs of means in obligation fulfillment according to the list according to appendix to this Law.

Article 4. Final provisions

1. This Law becomes effective from the date of, its publication following behind day.

2. To the Cabinet of Ministers of Ukraine in a month from the date of entry into force of this Law:

submit proposals on introduction of amendments to the laws of Ukraine in the Verkhovna Rada of Ukraine, following from this Law;

bring the regulatory legal acts into accord with this Law.

President of Ukraine

P. Poroshenko

Appendix

to the Law of Ukraine of May 19, 2015 No. 436-VIII

The list of external debt obligations on which transactions on change of conditions of borrowings are planned

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.